"50,000 yuan was released for 476 days and earned more than 170 yuan. You marked the benchmark of 4.4% when you bought it. There are too many differences. " At the end of June, netizen Xiao Si posted a screenshot of his expired wealth management fund on social networking sites and was disappointed with its income.

Another netizen Xiaoli bought a closed-end wealth management product with a risk rating of PR3 in this wealth management subsidiary. The investment period is 15 months, the maturity date is April 26th this year, and the performance benchmark is 4.20% (annualized).

According to the statistics of Puyi Standard, only12,380 closed-end products due in the first half of 2023 disclosed the performance benchmark, and 9.42% of the products' due income did not reach the performance benchmark center. In other words, among the products due in the first half of this year, the products with substandard performance are close to 1200.

It is worth noting that some wealth management companies have begun to lower the benchmark of product performance. On July 29th, Bank of China announced that it planned to adjust the performance benchmark of "BOC Wealth Management-Steady Wealth Management (Yueyuekai) 0 102" products from 2.50%- 3.80% (annualized) to 2.30%-3.60% (annualized).

Second, why do "financial assassins" appear frequently?

To be honest, many people will be surprised to see such a wealth management product. The gap between the final income of this wealth management product and the expected income they said before can no longer be described as huge. Why is this happening? What is the reason for this problem in current wealth management products?

Whether it is bank wealth management or other types of wealth management products, it is not a guaranteed income product that some people have long understood. Recently, the products that have been repeatedly mentioned and even caused heated discussion are all non-guaranteed income products. The income you see when you buy wealth management products is not the expected income you think, but the benchmark income. What is the benchmark income? He is the designer of wealth management products. He designs a profit target for the product according to the product nature, investment strategy, past experience and other factors, which does not represent the future performance and actual income of the product.

To put it simply, the current wealth management products, especially the numerical wealth management products that many people buy, only have the so-called performance comparison income, and there is no expected income. For example, generally speaking, when a user buys this wealth management product, it is like a student telling his parents before the exam according to his past performance, but what kind of score I can actually get in the exam is determined by many factors such as weather, geographical location, people and so on. In this context, even in peacetime, in fact, the current financial management is like this, and the performance benchmark income means this. The performance benchmark is equivalent to the passing line of a financial product exam, so the final result is that some people do well in the exam and some people do poorly. The actual income that investors finally get may be higher or lower than the performance benchmark.

Secondly, why are many financial returns not up to standard? It is normal to say that only one product's income is not up to standard. However, we also saw that nearly 1200 products failed to meet the standard in the first half of this year, so many products failed to meet the standard. What is the reason?

In fact, the reasons why many wealth management products are not up to standard have a lot to do with the current capital market. Since the first half of this year, the whole capital market has experienced great fluctuations, and the factors affecting the market are multiple. Specifically:

First, the overall market interest rate level is relatively loose, and the market liquidity is relatively abundant. Many financial institutions are lowering interest rates. In this case, a large number of financial institutions are unwilling to pay higher interest rates, which leads to a lower overall interest rate in the market, further affecting the income of inter-bank bonds, the main investment target of many money funds, and greatly reducing the market base interest rate.

Second, the stock market performance is not as good as expected. We can see that the performance of the stock market in the first half of this year has been lower than expected due to various factors such as the Fed's interest rate hike. The overall performance of many stocks is relatively poor, especially the overall performance of many technology stocks with heavy funds. In the end, the investment income of many funds is not good, and even there is a relatively large withdrawal or loss phenomenon.

Third, there are many problems in the performance of the bond market, especially corporate bonds. At present, in the whole market, many companies have obvious overall performance pressure and greater operating pressure. In this case, the overall income of corporate bonds of enterprises is not good, and even some real estate enterprises default or overdue corporate bonds, resulting in insufficient income of the entire wealth management market.

Therefore, under the influence of multiple factors, it is expected that the income of the wealth management market will be depressed.

3. What does the appearance of "financial assassin" mean? At present, buying products in the financial market is actually a test of investors' investment ability. This is because investors should learn to see clearly what products they are buying.

It is suggested that investors should learn to carefully study the investment targets of their products and the risks of these investment targets every time they buy wealth management products, and then make diversified choices and judgments according to the past performance of the fund and the investment style of the fund manager.

If your investment experience is not rich enough, it is recommended to choose a money fund with relatively low risk to invest, otherwise it is easy to appear the phenomenon of "financial assassin".

For fund companies and banks, the current market fluctuation also puts forward higher requirements for the design of their wealth management products. In the past, when the market environment was good, everyone could not see whether it was good or bad to make money. But now, when the tide recedes, we can see who has the real skill.

Therefore, we can't blindly buy financial management now, and careful research is the most critical.

Related Q&A: Can you earn 1,000 a month by buying 10,000 funds? I can't.

Funds are non-guaranteed floating expected return products, that is to say, the fund company will not promise to protect the capital and will not guarantee the minimum expected return. So if they buy 10,000 funds, it is uncertain whether they can earn 1000 yuan a month. The actual expected return of the fund is related to market conditions, fund types, fund managers and other factors.

Extended data:

Matters needing attention in fund trading:

Pay attention to buying funds and don't care too much about the net value of funds. In fact, the fund's income is only related to the net growth rate. As long as the fund's net growth rate stays ahead, the income will naturally be high.

Be careful not to like the new and hate the old, and don't blindly pursue new funds. Although the new fund has inherent advantages such as preferential prices, the old fund has long-term operating experience and reasonable positions, which is more worthy of attention and investment.

Be careful not to buy bonus funds unilaterally. Fund dividend is the return of investors' previous income, so it is more reasonable to change the dividend method to dividend reinvestment.

People's Network-What's the difference between on-site trading and off-site trading of funds?